Service Properties Trust Stock Forecast
Service Properties Trust stock price up 1.04% on Monday
(Updated on Apr 29, 2024)
The Service Properties Trust stock price gained 1.04% on the last trading day (Monday, 29th Apr 2024), rising from $6.23 to $6.29. During the last trading day the stock fluctuated 2.92% from a day low at $6.16 to a day high of $6.34. The price has been going up and down for this period, and there has been a -2.33% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 227 thousand more shares were traded than the day before. In total, 724 thousand shares were bought and sold for approximately $4.55 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -20.82% during the next 3 months and, with a 90% probability hold a price between $4.60 and $5.13 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SVC Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 5.18%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Service Properties Trust stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $6.47. On a fall, the stock will find some support from the short-term average at $6.23. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Service Properties Trust stock
Service Properties Trust finds support from accumulated volume at $6.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.180 between high and low, or 2.92%. For the last week, the stock has had daily average volatility of 3.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SVC) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Service Properties Trust to open at $6.26, and during the day (based on 14 day Average True Range), to move between $6.10 and $6.48, which gives a possible trading interval of +/-$0.193 (+/-3.07%) up or down from last closing price. If Service Properties Trust takes out the full calculated possible swing range there will be an estimated 6.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.40 (1.75%) than the support at $6.14 (2.38%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Service Properties Trust will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.190. We will update the financials statements for Service Properties Trust, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.95% in the first trading day after earnings release.
Is Service Properties Trust stock A Buy?
Service Properties Trust holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.336 Sell Candidate Unchanged
Predicted Opening Price for Service Properties Trust of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $6.26 ( 0.424%) | $6.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SVC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.44 | 2.44 % | |
| R2 | 6.37 | 1.34 % | ||
| R1 | 6.33 | 0.669 % | ||
| Current price: | 6.29 | |||
| Support | S1 | 6.19 | -1.52 % | |
| S2 | 6.15 | -2.19 % | ||
| S3 | 6.08 | -3.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.60 | 4.93 % | |
| R2 | 6.51 | 3.50 % | ||
| R1 | 6.40 | 1.75 % | ||
| Current price | 6.29 | |||
| Support | S1 | 6.14 | -2.38% | |
| S2 | 6.10 | -3.02% | ||
| S3 | 5.98 | -4.93% |
SVC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 19, 2024 | May 16, 2024 | $0.200 | 3.18% |
| 2 | Jan 19, 2024 | Jan 19, 2024 | Feb 15, 2024 | $0.200 | 2.56% |
| 3 | Oct 12, 2023 | Oct 20, 2023 | Nov 16, 2023 | $0.200 | 2.77% |
| 4 | Jul 13, 2023 | Jul 21, 2023 | Aug 17, 2023 | $0.200 | 2.46% |
| 5 | Apr 13, 2023 | Apr 21, 2023 | May 18, 2023 | $0.200 | 2.47% |
FAQ
Click here for our free guide on how to buy Service Properties Trust Stock.
